For short term trade:
From the chart, we could spot a double top pattern forming.
Be careful
If it fell below the 2614 to 2624 level, we could confirm short sell the S&P 500
Disclaimer: This is not a financial/trading advice.
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Part 2:
cryptovan168
S&P 500 has gone up around 14% in less than a month.
From the 4hr chart, we could see that a rising wedge is forming.
Right now, S&P 500 is at resistance.
From what we know, rising wedges tend to break downwards, we could expect it to break downwards in the following days.
Disclaimer: This is not a financial/trading advice.
Part 1:
cryptovan168
The S&P 500 is still bearish in my opinion.
however, expect it to bounce around the range shown in the graph.
Disclaimer: This is not a financial/trading advice!
cryptovan168
Bounced of the 0.618 fib level, which is good.
We could use the fib levels as support and resistance, also i've included several supports.
Might still be bullish, in addition to that niTROn (tron event) is just around the corner.
Also, stochastic RSI is still on the oversold area.
Disclaimer: This is not a financial/trading advice.
Cheers,
cryptovan168
From the daily chart, we could see that Bitcoin is sitting at 2 supports.
By now, we could confirm that the inverse head and shoulders did not play here, instead, it went sideways now for a couple of days.
after the bullish pennant, it went up but was denied by the 4200 resistance.
Volume gets lower and lower.
Could this be the turning point of...
From the blue line, we could see a possible cup and handle forming.
Besides that, an inverse head and shoulders is also spotted in the chart.
Good luck!
cryptovan168
From the chart, we could see that BTCUSD had failed several times to break the 3800 price level.
An ascending triangle is shown in the chart.
This is not a financial/trading advice.
Goodluck!
cryptovan168
2 patterns have been present at the current time.
A rising wedge and a bull flag is shown in the chart. thus, could result in two outcomes.
We should really wait until a clear pattern could be identified.
This is not a financial/trading advice.
cryptovan
If BTCUSD does not hold this level, we would see a fall to the 3500.
if BTCUSD DOES hold this level, we could expect it to move within the wedge and wait for a breakout on 8th or 15th of December.
ETHUSD currently sitting at support, we could see a descending triangle forming. If it decides to stay within the descending triangle, we would expect it to bounce upwards.
Theres a plenty of support bellow this descending triangle.
This is not a trading/financial advice.
cryptovan168
Hanging man spotted,
Expect it to go to 170 level,
If the price level falls below that, expect to go to 164-165 level.
This is not a financial/trading advice
cryptovan168
Two possibilities here, if it decided to bounce off the resistance, we could expect it to fall, and bounce the blue support line, and this could lead into a cup and handle pattern.
The other possibility is that it would break out from the triangle.
Until now, we could only wait for a confirmation.
This is not a trading/financial advice
Good luck to you...
